A successful luxury golf course community these days really isn’t about the golf, explained Rich MacDonald. Instead, the owner of DragonRidge Country Club in Henderson said the golf communities that thrive are those that deliver opportunities for strong social connections — times for members to mingle over a glass of wine, share a laugh over a good dinner, stretch during a … [Read more...] about Strategic Plays
Nevada business
Shifts OccurringNevada’s Tourism Industry
“Strong” and “evolving”— that’s how Lt. Governor Kate Marshall, chair of TravelNevada described the Silver State’s tourism industry today. Its robustness is evidenced by visitor spending, which has increased year-over-year since 2009. In calendar year 2018, the 56 million people who visited Nevada collectively spent $65.5 billion here, up from $63.7 billion the year … [Read more...] about Shifts Occurring
Industry FocusEducation
Education in Nevada has historically been the target of negative attention for low rankings and poor metrics. As education leaders work to improve the outcomes for students at every level, they’re expecting a ripple effect into the economy, workforce and community. Recently, some of those leaders met at the Las Vegas offices of City National Bank to discuss what has been done … [Read more...] about Industry Focus
RetailFocus on the Experience
Once upon a time — say, 10 years ago — retail was all about selling stuff. But as the business of selling stuff continues to move online, the word of the moment among retailers and shopping center owners is “experience.” “Experience is a big part of what retailers are looking to incorporate now, whether this is in the form of innovative interiors, games or mobile pickup,” … [Read more...] about Retail
Professional SportsThe Big New Game in Town
Read "The Business of Sports" by Jennifer Ko Craft With its $1.8 billion budget, the spectacular new Allegiant Stadium — home of the NFL’s Raiders beginning in 2020 — is the biggest, highest profile construction project in Las Vegas in recent memory. But for all the economic benefits of the construction, the new stadium is merely the beginning of a powerful wave … [Read more...] about Professional Sports
Industry FocusBankers
One industry that is consistently at the forefront of any economic discussion is banking. From financing issues to community giving, bankers are involved in the Silver State at a micro level. Recently, executives representing this industry met at the Las Vegas offices of City National Bank to discuss everything from regulations to education. Connie Brennan, publisher and … [Read more...] about Industry Focus
How We Stack Up2019
Statistics about Nevada in 2019 provide reasons for both optimism and concern. In this 14th annual study comparing Nevada to other states, economic indicators show that the state is thriving: tourism numbers are up, unemployment is down and home values are steadily rising. However, Nevada is still dealing with the same chronic social issues noted in the first edition in 2006. … [Read more...] about How We Stack Up
New Options for Property OwnersSupreme Court Overturns Precedent
In late June, the U.S. Supreme Court overturned a long-standing precedent to allow property owners to go directly to federal court if they feel that state and local regulations are depriving landowners of the use of their property. The decision was sharply divided with all five of the court’s conservatives voting for the ruling in a 5-4 split. This ruling could become … [Read more...] about New Options for Property Owners
Lights, Camera – Nevada!A Look Inside Nevada’s Growing Film Industry
Nevada’s film industry is growing in a very competitive international environment. “We currently exist in what is the most competitive environment for production we’ve seen,” said Eric Preiss, director, Nevada Film Office, Nevada Governor’s Office of Economic Development. The film industry itself is expanding. The internet has changed the concept from movies to content, … [Read more...] about Lights, Camera – Nevada!
Lending BoomCRE Financing in Nevada
Developers of commercial projects in Nevada these days are likely to field calls from a growing number of lenders eager to make loans to build or buy office buildings, retail centers and industrial projects in the booming state. But memories remain strong of the collapse of the commercial lending market in Nevada during the Great Recession that began in 2008. … [Read more...] about Lending Boom
Please Don’t Call This Number AgainRoboCalls Are Out of Control
We’ve all been there. You’re sitting down, enjoying some quiet time with your family and your phone rings. You should just let it go to voicemail, but it could be important, so you answer. “Do you want to refinance your home? We can help,” the automated message shouts at you before you hang up in frustration. If it seems like robocalls have gotten completely out of control … [Read more...] about Please Don’t Call This Number Again
Legal Elite 2019The Silver State’s Top Attorneys
Now in it’s twelfth year, Legal Elite is an annual list showcasing Nevada’s top attorneys as chosen by their peers. The attorneys appearing in the following lists represent the best of the best. Polling for Legal Elite 2019 began in mid-February and nearly 5,000 nominations were submitted by licensed attorneys in Nevada. Each submission then went through an extensive … [Read more...] about Legal Elite 2019
Nevada Bankers AssociationSupporting Business. Supporting Communities
WHAT makes a community a community? From educators and law enforcement to medical professionals and retailers, every individual plays an important role to the success of the community. Banks play a key part in supporting the community as well. By providing loans, checking and savings accounts and a range of products and services, banks help create stable, prosperous … [Read more...] about Nevada Bankers Association
Strong DesignArchitects and Engineers in Nevada
Even as the Las Vegas economy recovered from the Great Recession, Ed Vance and his architecture firm survived almost solely on the business from the Lucky Dragon. For two years during the project, Vance said projects were relatively hard to come by as developers weren’t quick to pull the trigger. Vance is adamant that all changed with the 2016 election. Since the election, … [Read more...] about Strong Design
The Legislature has a Cronyism Problem
The worry over “cronyism” in politics is a bipartisan concern — and, unfortunately, Nevada has a long history of political favoritism. However, billionaires asking lawmakers for special treatment isn’t the only kind of cronyism that should worry Nevadans. This year, government insiders and tax-funded lobbyists are playing the favoritism game better than anyone. And their … [Read more...] about The Legislature has a Cronyism Problem